About this role
PFS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.
Department Description
The Cash Management team is responsible for handling all cash events within the Funds. Day to day tasks include but are not limited to processing wires, cash reconciliation, maintaining bank accounts/relationships, actioning audit requests, collateral management, performing ongoing analysis to reduce cash drag, coordinating with administrators and trustees, and assisting in liquidity analysis to ensure the Funds have sufficient cash on hand to cover all upcoming funding obligations. The Cash Management team interacts closely with the Deal Execution, FX Hedging, Fund Accounting, Fund Finance, Middle Office, Tax, Valuations, Luxembourg, and Deal teams.
Position Description PFS is seeking to recruit an Associate to join the Operations – Cash Management team based in Mumbai. The individual should be highly organized with exceptional attention to detail. They should have the ability to meet strict deadlines, as well as work independently and as part of a team. A desire for a fast-paced environment is crucial.
Responsibilities
Specific responsibilities will include but not be limited to the following:
- Treasury operational tasks for the Funds including processing wires for investment fundings, transfers between legal entities within complex fund structures, and settling foreign exchange transactions, margin calls, and swaps
- Assist in liquidity management process to ensure Funds have sufficient cash to cover all upcoming funding needs
- Managing the opening, closing and maintenance of Fund bank accounts
- Oversee and in-charge of day-to-day cash reconciliations. Manage overseas team that assists in reconciliation process. Analyze complex/escalated cash breaks to determine how to clear
- Liaise with fund administrators, trustees, and auditors
- Ensuring continued focus on process improvement and increased automation of activities
- Assist with testing the implementation of new processes, technologies, and overall initiatives
- Lead special projects and ad hoc analysis
Candidate Profile
- Graduate with a bachelor’s degree in Finance or related fields; 2 – 4 years of experience
- Must have strong PC skills with particular emphasis on Microsoft Excel
- Strong working knowledge of reconciliations
- Demonstrated ability to manage, organize, and implement various levels of projects (small to large, simple to complex)
- Strong leadership skills with the ability to take ownership and responsibility
- Strong analytical skills and exceptional attention to detail
- Ability to problem solve and work under pressure in a fast-paced environment
- Knowledge of cash management operations including custodial (fixed income products, loans, derivative and collateral transactions, FX trades, asset settlements) and cash management activities (SWIFT, wires, interpreting settlement instructions)
- Experience working with complex fund structures
- Ability to work independently with nominal supervision as well as in a collaborative, team environment
- Familiarity of FIS/SunGard VPM accounting a plus
- Familiarity of Indus Valley Partners’ products a plus
Location
- Mumbai, India
Employment Type
- Full-time, Exempt
Hybrid Work Schedule
- 4/1 split (M-Th in office, Friday optional work from home)
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
Skills Required
- Bachelor’s degree in Finance or a related field
- 2–4 years of professional experience
- Strong PC skills, especially Microsoft Excel
- Strong working knowledge of reconciliations
- Experience managing, organizing, and implementing projects of varying complexity
- Strong leadership skills and ownership mentality
- Strong analytical skills and exceptional attention to detail
- Ability to problem solve and work under pressure in a fast-paced environment
- Knowledge of cash management and custodial operations, including fixed income, loans, derivatives, collateral, FX trades, asset settlements, SWIFT, wires, and settlement instructions
- Experience working with complex fund structures
- Ability to work independently and collaboratively
- Familiarity with FIS/SunGard VPM accounting
- Familiarity with Indus Valley Partners products
BlackRock Compensation & Benefits Highlights
-
Leave & Time Off Breadth — Flexible Time Off (no fixed PTO bank) with manager approval is highlighted alongside separate sick and bereavement leave, signaling broad time-off options. Feedback suggests this high‑trust approach is a notable strength among large employers.
-
Parental & Family Support — Gender‑neutral U.S. parental leave offers up to 16 weeks for primary caregivers and up to 4 weeks for non‑primary caregivers, plus a two‑week flexible return‑to‑work transition. Backup child/elder care, fertility/adoption/surrogacy assistance, and lactation support are also emphasized.
-
Retirement Support — Offerings include 401(k)/retirement savings plans, financial counseling/education, and an Employee Stock Purchase Plan, complemented by programs like tuition assistance and student‑loan/college‑savings support where applicable. Feedback suggests these components form a strong financial‑wellness package.
BlackRock Insights
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
Gallery
BlackRock Teams
BlackRock Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.
